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Judge denies White & Case; Chrysler bankruptcy moves on

by David Zatz on

Reuters has just reported that Federal Judge Thomas Griesa denied the Indiana pension funds’ request to delay the sale of key Chrysler assets, a move that would likely push the company into liquidation. The petition, characterized by highly political language vilifying the White House, filed by White & Case claimed that the government did not have the authority to provide financing for the deal. Some industry analysts stated that the lawsuit appears to be politically motivated.

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